en.Wedoany.com Reported - TOYO has signed solar module supply agreements with two undisclosed U.S. energy developers, with a total contract value of approximately $185.6 million (29.8 billion yen).

The agreements involve supplying solar modules for commercial and utility-scale projects across the United States. TOYO will provide high-efficiency modules to be installed at multiple project sites in Texas, New York, and Maine. These deployments are intended to support the expansion and diversification of clean energy generation in the U.S. market.

According to TOYO, the modules supplied under the contracts will be manufactured using non-Chinese wafer sourcing channels, a move aimed at reducing supply chain disruptions that may result from geopolitical risks and changes in import tariffs. Additionally, the manufacturing process will comply with "Foreign Entity of Concern" compliance guidelines and other domestic content standards, which are priorities for U.S. project financing institutions and regulatory bodies.

Takahiko Onozuka, Chairman and CEO of TOYO, stated that securing cumulative new orders worth $185.6 million from two major U.S. renewable energy companies validates the company's operational credibility and business strategy. He noted that utility-scale buyers are increasingly prioritizing transparency, execution track records, and strict regulatory compliance. Onozuka said that as a manufacturer built from its inception to meet stringent U.S. standards, TOYO is fully capable of becoming a long-term reliable partner in the domestic solar sector.

The company stated that revenue from the purchase orders will be recognized upon product delivery completion, in accordance with generally accepted accounting principles. TOYO indicated that these transactions reflect sustained market demand for its technology, which features high power output and low degradation rates. The company also emphasized its particular focus on ensuring supply chain integrity and meeting U.S. compliance requirements for solar manufacturing.

Previously, TOYO announced plans to build a 1.5GW heterojunction solar cell production facility in the Houston, Texas area.

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